Overview:
A significant and perpetual rise in the incidence of cardiovascular diseases, advancements in telemetry and remote patient monitoring, and the advent of home-based cardiac care have given a surge in demand for cardiac monitoring devices globally. ECG devices comprise the largest segment of cardiac monitoring devices. Prime driving factors to the growth and dominance of this segment include the phenomenal rise in the incidence of lifestyle-related cardiovascular diseases, the fundamental relevance of ECG monitors in cardiology, and continuous technological innovation in home care products.
On the other hand, a lack of skilled technicians and medical personnel in cardiac monitoring and ECG solutions and overwhelming pressure to contain healthcare costs may hamper the growth of this market during the forecast period.
Hospitals and clinics form the largest user group for cardiac monitoring devices, followed by home care users. The surge in demand for remote monitoring and long-term home care for geriatric patients facilitates the fastest market growth for the home care segment. Geographically, the Asia Pacific, the Middle East, and Africa are the fastest-growing markets for cardiac monitoring devices.
A significant rise in the incidence of cardiovascular diseases in the general population on the grounds of sedentary lifestyles and the rapid evolution of healthcare infrastructure are the key drivers in these regions. Burgeoning medical device markets and an upswing in medical tourism will further contribute to steady growth in demand for cardiac monitoring devices in Asian markets.
The global cardiac monitoring devices market is segmented on the following bases:
Devices
- Electrocardiogram (ECG) Devices
- Stress ECG Devices
- Resting ECG Devices
- Event Monitors
- Holter monitors
- Cardiac Output Monitoring Devices
Implantable Loop Recorders
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Key players identified for the cardiac monitoring devices market include but are not limited to:
Medtronic, Inc., Boston Scientific Corporation, Philips Healthcare, GE Healthcare, St. Jude Medical, Edwards Life Sciences, Sorin S.P.A., Mortara Instrument Inc., Biotronik Se & Co.Kg., Cardiac Science Corporation, Schiller AG., and several others
This report offers the following:
- An overview of the global markets for cardiac monitoring
- Market trends assessment for the period 2013-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016 and 2023
- Qualitative assessment tools such as market drivers, challenges, future prospects, major commercial events, etc.
- Market competition scrutiny tools such as Porter’s five forces analysis, market share assessment, an attractive investment proposition, and others
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles highlight key information about the major players operating in the cardiac monitoring devices market.
